< The 2014 All-Europe Fixed-Income Research Team
Runner-up a year ago, Deutsche Bank’s duo recaptures the No. 3 spot it won in the firm’s 2012 debut. Under the leadership of Caio Natividade, “the Deutsche Bank team is on the leading edge,” affirms one money manager. The U.K.-based pair, with Natividade in London and a colleague in Birmingham, has tackled several issues recently. Among the biggest are the construction of portfolios where returns are driven by regimes of market sentiment and not just time; the rebalancing of client portfolios and signals on an intraday basis, within minutes and hours as opposed to daily, weekly or over a longer period; and the treatment of investment styles in a more holistic manner — namely, across asset classes. The analysts are recommending that clients diversify according to time frequencies and investment styles. The style of trend investing has been popular in foreign exchange and commodities, Natividade notes. But “just being exposed in these two asset classes is not enough,” he cautions. “You have to think about it from a full cross-asset perspective because there will be times when there may not be trends inherent in forex, but there may well be in equities.” |